Published in 20/12/2012
From now on, all credit and debit cards with Cabal flag, issued in Brazil or abroad, will be accepted in all equipment Cielo.
With the expansion of its acceptance network, Cabal flag shall be among the main operating brands in the country, with presence in all Brazilian states and in 99% of Brazilian cities.
The partnership follows the licensing model of the flag (by Cabal) granted to the acquirer (Cielo), better known as "full acquiring" in which Cielo will provide the capture, transmission and settlement of transactions with Cabal flag in the country.
Expectations are for a strong expansion of the card base and revenues of Cabal flag from 2013. "We have established a new level for our acceptance network in the country. Now, we are able to provide high quality services to our end customer (the card owner) at the same time introduce ourselves as an option (an open and widely accepted flag) for banks, financial and credit-card managers, including those holding local brands, "says the CEO of Cabal Brazil, Marcos Vinicius Viana Borges.
Cabal is an open flag, with over 32 years of experience and strong presence in South America. Founded in 1980, Cabal flag card operates in Argentina, Uruguay, Paraguay and Cuba. In Brazil, its operations began in 2000. In addition to credit, debit and prepaid cards, the flag also operates Food and meal-benefit cards (Cabal Vale), issued in accordance with PAT - Workers' Food Program.
Cielo is the leading company in electronic payment solutions in Latin America. Responsible for the accreditation of commercial establishments, and for the capture, transmission, processing and settlement of transactions with credit and debit cards. The company has also the most modern Brazilian equipment (average 1.7 years) and over 1.3 million active establishments (those considered doing transactions at Cielo terminals in the last 60 days).